Kakanov, Evgeny; Blöchliger, Hansjörg; Demmou, Lilas - 2018
This paper provides a comprehensive analysis of the “resource curse” phenomenon, i.e. the negative impact of oil … resource courses: oil dependence and oil price volatility, and it investigates whether the resource curse depends on a country … an error correction model. The paper provides robust evidence in favour of the resource curse hypothesis, and there is no …